Construction leads Queensland economic recovery

By James Brown

The latest State of the States report released by CommSec has highlighted the strong industries throughout Australia's states, with Queensland seeing a substantial amount of growth coming from housing construction during April. 

While Queensland remains ranked fifth nationally, Queensland's treasurer Curtis Pitt said the state has come in third place for both construction and population growth.

"There were encouraging signs in Queensland's construction industry in particular, which is up 10.7 per cent on our decade average, according to CommSec," said Mr Pitt in a 20 April statement. 

"Recent Australian Bureau of Statistics data also shows a high level of investor commitments for the construction of new dwellings."

These figures will help give investors a boost of confidence in Queensland's housing market, especially if growth continues in the future. 

With the construction industry underpinning the state's economic growth, the possibility of making your own moves into the Sunshine State's real estate market could be just on the horizon. 

If you're interested in pursuing property in the region, get in touch with a local real estate agent in Burpengary today to begin discussing the options available to you. 

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